“Proponents of on-device biometric authentication argue that server-side systems are vulnerable to breaches, but Most says these concerns ‘have been sensationalized.’” Cloud-based biometric authentication is emerging as a key trend in digital services, argues a new white paper from Acuity Market Intelligence. The trend will be particularly important for financial services organizations, who ignore it…
While fingerprint recognition has tended to see strong growth and revenues in the past, new biometric modalities like vein, iris, and facial recognition are seeing “strong adoption across industries,” according to Frost & Sullivan TechVision Senior Industry Analyst Swapnadeep Nayak. That’s one of the key findings in Frost & Sullivan’s new report, “Cybersecurity Innovations in…
The global fingerprint biometrics market will grow at a CAGR of almost 12 percent over the next few years, according to a new report from Technavio. The market research firm says that the government sector in particular is showing strong demand for the technology due to the need for strong authentication and to fight crime.…
Biometric technology is increasingly standard fare in digital door lock systems, suggests a new publication by Transparency Market Research. The firm has released a new report looking at the overall ‘Digital Door Lock Systems Market’, in which it asserts that biometric door lock systems accounted for 67 percent of the market last year. In 2025, such…
The rapidly ascending popularity of mobile fingerprint scanning is helping to lead growth in numerous other areas, says ABI Research. Reporting on findings from its Biometric Technologies and Applications publication, the market research firm says that by 2022, fingerprint sensors will reach a 95 percent penetration rate of the smartphone market. That echoes a forecast…
The mobile and wearable biometric authentication markets will reach a combined value exceeding $6.2 billion by the year 2022, according to a new report from Goode Intelligence. Entitled Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (third edition), the report also predicts that more than 3.3 billion users will be reaping the benefits of…
Concerns about terrorism continue to drive the military biometrics market, with growing demand from the Asia Pacific region, according to a new report from Transparency Market Research. While concerns about terrorism have been a key market driver for many years, they’re now being exacerbated by mass migration, with several countries “reeling under increased distress over…
The enterprise sector’s growing use of cloud computing is driving demand for Identity as a Service (IDaaS) solutions, according to a new report from Frost & Sullivan’s TechVision unit. The firm’s new report, Technologies Empowering Future of Identity Management, argues that identity and access management (IAM) challenges “are more business-centric than technology-centric,” as it puts…
The worldwide national electronic ID market will produce more than $54 billion in revenues between 2016 and 2021, according to a new forecast from Acuity Market Intelligence. The firm’s report, The Global National eID Industry Report: 2017 Edition, predicts that during that same period, the number of countries issuing eID cards will rise from 124 to…
The global biometrics market will reach a value of $59.31 billion by the year 2025, according to a new report from Grand View Research. The prediction anticipates a period a substantial growth from Grand View’s estimated $10.41 billion valuation of the market in 2015. Grand View says the growth will be driven primarily by consumer electronics,…
“Acuity predicts that growth [in the APC Kiosk market] will once again pick up steam over the next couple of years as the technology expands in Asia, Europe, Latin America, and the Middle East.” “As the Trump administration doubles down on immigration restrictions and promises of ‘extreme vetting,’ the reality is that biometrics are used…
The global biometrics market will reach total revenues of $10.72 billion by 2022, according to a new report from Allied Market Research (AMR). The firm says this will reflect growth of 19.4 percent (CAGR) between 2016 and 2022. Looking to regional growth, North America produced the highest revenue in 2015, followed by Europe and the…
The biometric smartphone market saw growth of over 100 percent last year, according to a new report from Acuity Market Intelligence. In January of last year, there were about 200 biometric smartphone models on the market; now, there are 549, according to the firm. Almost a billion such phones are in use around the world,…
Last week at FindBiometrics fingerprint biometric upgrades and integrations took the spotlight while FinTech, contactless modalities, and healthcare biometrics rounded out the industry news coverage. Here is a look back on last week’s top stories in global identity management: Samsung Samsung Electronics was named among the world’s best brands last week as the clock ticked…
The global healthcare biometrics market will continue to expand dramatically, according to a new forecast from Grand View Research. The firm says the market will reach a value of $11.7 million by the year 2024. In a statement announcing its predictions, Grand View Research credited the growth to a “surge” in demand thanks to “the…
Chip card vendors need to embrace new technologies to beat the EMV market slump, according to a new report from ABI Research. While the global transition to contactless payment cards will continue to bring in revenues, ABI Research reports that “[v]endors are already reporting reductions in US orders” as market becomes more saturated, and that,…
Iris recognition solutions provider Delta ID is heralding the rise of iris scanning on smartphones. In a statement, the company cited survey data from Japan-based Macromill indicating that smartphone users are happy with iris scanning when the feature is available. Macromill surveyed several hundred users of iris and fingerprint scanning smartphones from Apple, Fujitsu, Samsung,…
The global healthcare biometrics market is in for considerable growth over the next few years, according to a new report from Transparency Market Research. Looking at the forecast period of 2013 to 2019, TMR predicts a CAGR of 25.9 percent. North America is the biggest region in the global market and will remain so for…
Acuity is doubling down on its previous predictions about the rise of mobile biometrics. In a new report, the market research firm reaffirms that biometric technology will be in 100 percent of smartphones in 2018, and also looks to growth in other biometric markets. Acuity estimates that about 750 million smartphones featuring biometric technology are…
The facial recognition biometrics market is in for growth, according to a new report from QY Research Reports. In a report synopsis, the research firm declined to offer specific numbers, but suggested that the market would see expansion between 2016 and 2021, with facial recognition expected to see greater demand than other biometric modalities for identification.…
The global facial recognition market is going to reach a value of $9.6 billion by 2022, according to a new report from Allied Market Research. That’s going to reflect growth of 21.3 percent (CAGR) for the forecast period starting last year, the market research firm says. In a report synopsis, Allied Market Research asserted that…
The computer vision hardware and software market will be worth $48.6 billion by the year 2022, according to a new report from Tractica. Entitled “Computer Vision Technologies and Markets”, the report forecasts a CAGR of 32.9 percent between 2015 and 2022, with the market having been worth about $6.6 billion last year. Tractica predicts that…
The biometrics boom continues with a new report predicting that the biometric sensor market will reach a value of $1.83 billion by the year 2024. That’s considerable growth, given that Grand View Research estimates the market’s value to have been $810.9 million last year. In a synopsis announcing the report, the market research firm cites…
The mobile biometrics boom is underway and just getting started, at least when it comes to financial services. That’s the analysis of Goode Intelligence in a new report entitled Mobile Biometrics for Financial Services: Market & Technology Analysis, Adoption Strategies & Forecasts 2015-2020. The market research firm estimates that over 120 million financial services customers…
Market research firm Technavio sees growth in the cards for the ‘global advanced authentication market’. In a new report, the firm predicts a CAGR of 17 percent between this year and 2020. By ‘advanced authentication’, Technavio means multi-factor and biometric solutions, and in making its market calculations the firm considered revenues from offerings like biometric…
A new report from KBV Research is pointing to signs of life for the automotive biometric access system market in the LAMEA region. The report’s authors suggest that the market’s prospects are somewhat limited in the region due to low awareness of the associated technologies and a lacking interest in adoption; but they highlight South…
A new report from Frost & Sullivan is finding signs of growth in the automotive voice recognition market. In a synopsis, the market research and growth consultancy firm asserts that while voice recognition technology has primarily been used in infotainment applications thus far, OEMs and tier-1 suppliers “are significantly investing in biometric and machine learning…
A new report suggests that the biometric ATM market is poised for growth, with thefts and government regulations helping to drive it. Entitled “Europe Biometric ATM Market 2016 – 2022”, the report comes from KBV Research and Marqual IT Solutions Pvt. Ltd. Looking specifically at the European market, the report’s authors cite data from the…
Market research firm Javelin is heralding the rise of mobile banking with a new report. Entitled “2016 Mobile Banking Financial Institution Scorecard: Mobile Becomes the Remote Control for Banking”, the report illustrates the growing importance of mobile banking while highlighting associated technologies such as biometrics. Looking at 30 major financial institutions in the US, the…
The overall biometrics market will continue to see substantial growth, but will also feature a shifting landscape, over the next several years. That’s the prediction of ABI Research, which argues that by 2021 the market will reach a value of $30 billion as its primary revenues shift from the government sector to banking and consumer…
Market research firm TechNavio has released a new report touching on behavioral biometrics. Entitled “Global Keystroke Biometrics Market 2016-2020”, the report predicts a CAGR of 10.09 percent for its forecast period. ‘Keystroke biometrics’ refers to how users manipulate their keyboards. It’s one component of the broader, emerging field of behavioral biometrics, which analyzes the unique…
Gait biometrics will continue to pick up momentum over the next few years, according to a new report from TechNavio. The firm predicts that between 2016 and 2020, the global gait biometrics market will grow at a rate of 13.98 percent (CAGR). The market research firm asserts that such growth is driven primarily by the…
Technavio is predicting strong growth for the global biometric workforce management market over the next few years. The market research firm forecasts a CAGR of 17 percent between 2015 and 2019. Predictably, the market’s growth is primarily being driven by organizations’ desire to replace traditional and archaic employee tracking systems, both in the areas of…
The global biometric access control market is in for steady growth over the next couple of years, according to a new report from TechNavio. The market research firm predicts a CAGR of 18 percent for the market between 2015 and 2019. According to TechNavio’s calculations, the should bring the market to a valuation of over $12…
The next few years will see the continued growth of biometric POS terminals, according to a new report from TechNavio. The market research firm predicts that this market will grow at a rate of almost 27 percent (CAGR) between 2016 and 2020. According to a report synopsis, a major factor in the market’s growth trajectory can…
ABI Research is predicting that the overall biometrics market will reach a value of $30 billion by the year 2021. In a statement summarizing recent findings, the market research firm says this will reflect growth of 118 percent since 2015. The main market driver continues to be mobile fingerprint sensors, which ABI Research says will…
Smartphones equipped with biometric sensor technology are now “officially mainstream,” according to Acuity Market Research. In a new report, the firm estimates that about 600 million such devices are currently being used, accounting for about 28 percent of the global base of smartphones in use. Principal researcher Maxine Most asserts that over the last year,…
TechNavio is predicting “immense growth” for the global Access Control as a Service (ACaaS) market over the next few years. In a new report, the market research firm forecasts a CAGR of 24 percent between 2016 and 2020. In a report synopsis, TechNavio credits much of the market’s expansion to “the growing need for high-level…
Last week at FindBiometrics we brought our 13th annual Year in Review to a close while border control and national ID made big headlines in the industry news. We published an interview with NEXT Biometrics CEO Tore Etholm-Idsøe and also brought you stories on fingerprints, facial recognition and physical access control. Here is a look…
The global biometrics market will be worth $44.2 billion by the year 2021, according to a new report from Radiant Insights. Starting with an estimated value of $7 billion in 2014, the market research firm says the biometric market is growing across a range of sectors and applications, though Radiant Insights places a particular focus…
The retail arm of the global biometrics market is on track for significant growth over the next few years, according to TechNavio. A new report from the market research company predicts growth of about 21.3 percent (CAGR) between 2016 and 2020. In a report synopsis, TechNavio suggested that biometric time and attendance tracking systems are…
Tech market research firm Technavio has issued a new report on emerging trends in the global behavioral biometric market. The firm identifies four main trends suggesting market growth to come, predicting a CAGR of about 17 percent between 2016 and 2020. The first main trend is the growing prominence of multimodal solutions, which of course…
Last week at FindBiometrics border control and national ID made the headlines while we continued to unpack our 13th annual Biometrics Year in Review. Fingerprints and mobility took up a great portion of the headlines and we took a look at some of the first market research reports of 2016. Here is a review of the top…
The global biometric sensor market will have grown at a rate of 9.6 percent between 2014 and 2023, according to a new report from Transparency Market Research. The report, entitled “Biometric Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2023”, estimates that the market was valued at about $710…
BCC Research is predicting considerable growth for the global biometrics market over the next few years. In a new report, the market research company estimates that between 2015 and 2020, the overall global biometrics market will grow at a rate of 22.7 percent CAGR. That will see the market grow from an estimated $14.9 billion…
Last week we reported on new research from Goode Intelligence on the state of mobile biometrics in FinTech. Regular readers of Mobile ID World will no doubt be aware that the intersection of said technologies is a hot space right now, but Goode’s numbers are very exciting: among the firm’s key findings is a forecast…
Enthusiasm about the fingerprint sensor market continues to mount with a new report predicting a high rate of growth over the next several years. Authored by Stratistics Market Research Consulting (or Stratistics MRC), the report predicts a CAGR of 17.53 percent from 2014 to 2022. Estimating that the 2014 market was valued at $5.5 billion,…
The capacitive fingerprint sensor market is growing rapidly, according to a new report from System Plus Consulting. And smartphone integrations are leading the way. Citing data from fingerprint sensor maker IDEX, the report asserts that between 2014 and 2017, the market will see 360 percent growth in mobile integrations. This is in large part thanks…
The global signature verification market should see steady growth over the next few years, according to a new report from TechNavio. Between 2014 and 2019, the market should see a CAGR of 8.94 percent, the research firm says. According to a report synopsis, demand for more advanced authentication on mobile devices such as the kind…